Focus Shifts to Trump Iran Deal Announcement

At 07:15 GMT, US Fed Chairman Powell is due to deliver a speech titled “Monetary Policy Influences on Global Financial Conditions and International Capital Flows” at the High Level Conference on the International Monetary System, hosted jointly by the Swiss National Bank and International Monetary Fund, in Zurich. Comments made could result in moves in USD crosses.

At 09:30 GMT, The Australian Budget Release will take place. This annual event outlines the government’s spending and income levels for the year ahead, including planned investment and borrowing. AUD crosses may be impacted by the by this release.

At 12:15 GMT, Canadian Housing Starts s.a (YoY) (Apr) will be released with an expected number of 220K from a previous 225K last month. This data is showing strong performance, despite indicators that the headline number will decline this month. The previous three readings beat expectations. CAD pairs could see an increase in price movement from this data.

At 14:00 GMT, US JOLTS Job Openings (Mar) will be released with the headline number expected to be 6.020M from 6.052M previously. This metric reached a high of 6.31M in March, showing job creation is strong and the labour market is dynamic. USD pairs may react to this data.

At 18:00 GMT, US President Trump is expected to speak about the Iran Deal from Washington D.C. He has spoken about scrapping the deal in the past and re-imposing sanctions against the country. This event could impact global markets, especially USD and Middle Eastern Currencies.

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